Tag - business downtime

How Much does Downtime Cost your Business?

When was the last time you experienced a power outage at work? How long did it take before work resumed as normal? Did this prevent potential sales, inhibit the completion of a project, or cause a delay in production? The obvious answer is yes, but can you put a monetary value on this lost time? Statisticians have done this exact thing, allowing businesses to determine the estimated cost of downtime. We’ll share some of the basics with you.